An empirical reconciliation of the Miller model and the generalized capital structure models
Article Abstract:
Miller's (1977) capital structure model is shown to be compatible with the generalized capital structure models introduced between 1970 and 1985 by using time series techniques to differentiate between long-run tendencies and short-run dynamics. It is demonstrated that the Miller model represents a long-run equilibrium, covering the period 1970-85, since deviations from its equilibrium returns to an almost-zero mean.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1996
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Are TIPS the "real" deal?: a conditional assessment of their role in a nominal portfolio
Article Abstract:
The bivariate GARCH methodology is used to examine the time-varying correlations between US Treasury Inflation Protected Securities and nominal bonds returns.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2005
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Relative default rates on corporate loans and bonds
Article Abstract:
The variations in loan and bond default rates among non-financial corporate issuers in United States are examined.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2005
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